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Santander-backed Ebury hires finance veteran Carnegie-Brown ahead of IPO



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LONDON, Oct 4 (Reuters) -Santander-backed SAN.MC financial technology company Ebury has hired Lloyd's of London Chair Bruce Carnegie-Brown as its chairman, the company said on Friday, ahead of a potential stock exchange float.

Ebury is gearing up for a potential initial public offering as early as next year, although no final decision has been made, a source familiar with the matter said. The company is being advised by investment banks Goldman Sachs GS.N and Bank of America BAC.N on the matter, the source added.

Reuters reported in November 2023 that Ebury was aiming for an IPO in 2025.

The payments company, which is majority owned by Spanish bank Santander, said Carnegie-Brown had assumed the role of chairman on Oct. 1.

The finance veteran, who is due to step down at Lloyd's next year and earlier spent 20 years in banking at JPMorgan, will work with Ebury's leadership team to support the business's growth and further overseas expansion.

Ebury also said in a statement that it had promoted Ana Muñoz Fenollosa to chief financial officer, taking over from Jose Esteban, who will become Brazil managing director.



Reporting by Iain Withers; Editing by Susan Fenton

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